The Art of the Out of Court Settlement
Although I never actually checked, my guess is that the great majority of lawsuits that are filed seeking money damages never go to trial. Instead, they are settled between the parties out of court.
This act of settlement has recently become a topic of conversation due to the many actions filed by federal regulators against banks, underwriters, mortgage lenders and credit rating agencies. All of these filings have resulted from the alleged failure of these parties to properly do their jobs, thereby creating the sizable financial problems this county has faced over the last five years.